Complete the following table by calculating GDP, NDP, national income, personal income, disposable income, and net exports. Dollar Amount (Billion Dollars) $ Item GDP NDP National income Personal income Disposable income Net exports $ $ If purchases of new capital goods are $90 billion, then purchases of new residential housing are equal to s billion.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

Solve correctly otherwise I downvote the answer 

Complete the following table by calculating GDP, NDP, national income, personal income, disposable income, and net exports.
Item
GDP
NDP
National income
Personal income
Disposable income
Net exports
Dollar Amount
(Billion Dollars)
$
$
$
$
$
$
If purchases of new capital goods are $90 billion, then purchases of new residential housing are equal to s
billion.
Transcribed Image Text:Complete the following table by calculating GDP, NDP, national income, personal income, disposable income, and net exports. Item GDP NDP National income Personal income Disposable income Net exports Dollar Amount (Billion Dollars) $ $ $ $ $ $ If purchases of new capital goods are $90 billion, then purchases of new residential housing are equal to s billion.
Numbers and Graphs: Macroeconomic Measurements, Part II: GDP and Real GDP (Ch 07)
(Billion Dollars)
item
Durable goods
Nondurable goods
Services
Fixed investment
Inventory investment
Government purchases
Exports
Imports
Capital consumption allowance
Compensation of employees
Proprietors' income
Corporate profits
Rental income
Income earned from the rest of the world
Income earned by the rest of the world
Indirect business taxes
Statistical liscrepancy
Undistributed corporate profits
Social insurance taxes
Corporate profits taxes
Transfer payments
Personal taxes
Net interest
220
400
700
130
20
500
110
150
20
700
480
200
200
40
200
80
30
20
80
30
50
80
20
M
Transcribed Image Text:Numbers and Graphs: Macroeconomic Measurements, Part II: GDP and Real GDP (Ch 07) (Billion Dollars) item Durable goods Nondurable goods Services Fixed investment Inventory investment Government purchases Exports Imports Capital consumption allowance Compensation of employees Proprietors' income Corporate profits Rental income Income earned from the rest of the world Income earned by the rest of the world Indirect business taxes Statistical liscrepancy Undistributed corporate profits Social insurance taxes Corporate profits taxes Transfer payments Personal taxes Net interest 220 400 700 130 20 500 110 150 20 700 480 200 200 40 200 80 30 20 80 30 50 80 20 M
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 7 steps with 6 images

Blurred answer
Knowledge Booster
Highway Construction
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education